Laws were passed, for example in 1503, requiring that new ordinances of "fellowships of crafts or misteries" should be approved by the royal justices or by other crown officers; and the authority of the companies to fix the price of wares was thus restricted.
Fellowships are held for life.
Besides the abolition of tests, effected by the act of 1871, many of the reforms there suggested, such as the revival of the faculties, the reorganization of the professoriate, the abolition of celibacy as a condition of the tenure of fellowships, and the combination of the colleges for lecturing purposes, were incorporated in the act of 1877, or subsequently adopted by the university.
- The arrangement of students in order of merit led naturally to the use of examinations not only as a qualifying but also as a selective test, and to the offering of money prizes (including exhibitions, scholarships and fellowships) on the results.
There are 150 free-tuition state scholarships (one for each of the state assembly districts), and, in addition, there are 36 undergraduate university scholarships (annual value, $200) tenable for two years, and 23 fellowships and 17 graduate scholarships (annual value, $300-600 each).